Redhawk Wealth Advisors Inc. Sells 296 Shares of RTX Co. (NYSE:RTX)

Redhawk Wealth Advisors Inc. decreased its position in RTX Co. (NYSE:RTX) by 6.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,136 shares of the company’s stock after selling 296 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in RTX were worth $479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC bought a new position in RTX in the fourth quarter valued at approximately $39,000. Western Pacific Wealth Management LP acquired a new stake in RTX during the 3rd quarter worth $41,000. Kimelman & Baird LLC bought a new stake in shares of RTX during the 2nd quarter valued at $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX in the 3rd quarter valued at $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 1.1 %

Shares of NYSE:RTX opened at $120.38 on Friday. The company’s 50-day moving average price is $118.14 and its two-hundred day moving average price is $117.28. RTX Co. has a one year low of $84.43 and a one year high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The stock has a market capitalization of $160.22 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that RTX Co. will post 5.55 EPS for the current fiscal year.

Analyst Ratings Changes

RTX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and upped their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Citigroup increased their price target on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Susquehanna cut their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $156.87.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.